Problem 5 Intro Sun and Sand is a U.S. tour operator organizing vacations to Mexico. The company will need 1,000,000 Mexican pesos (MXN) in one year to pay its Mexican employees. The spot rate is $0.052 per peso and the one-year forward rate is $0.0523 per peso. The U.S. interest rate is 3% and the Mexican interest rate is 11%. Part 1 | Attempt 1/10 for 10 pts. What is the total cost of creating a money market hedge, including interest (in $)? + decimals Submit